GSA Capital Partners LLP Decreases Position in WSFS Financial Co. (WSFS)

GSA Capital Partners LLP lowered its stake in WSFS Financial Co. (NASDAQ:WSFS) by 74.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,413 shares of the bank’s stock after selling 38,932 shares during the period. GSA Capital Partners LLP’s holdings in WSFS Financial were worth $508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pearl River Capital LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth approximately $48,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of WSFS Financial during the 4th quarter worth approximately $81,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of WSFS Financial by 39.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after acquiring an additional 697 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of WSFS Financial during the 3rd quarter worth approximately $217,000. Finally, Jefferies Group LLC acquired a new stake in shares of WSFS Financial during the 3rd quarter worth approximately $299,000. Institutional investors and hedge funds own 87.10% of the company’s stock.

WSFS opened at $41.95 on Friday. WSFS Financial Co. has a twelve month low of $33.75 and a twelve month high of $57.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.33 billion, a PE ratio of 11.82, a PEG ratio of 0.97 and a beta of 1.14.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.06. WSFS Financial had a net margin of 29.58% and a return on equity of 14.60%. The company had revenue of $102.86 million during the quarter, compared to analysts’ expectations of $98.34 million. As a group, research analysts anticipate that WSFS Financial Co. will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is presently 12.39%.

Several analysts recently issued reports on WSFS shares. BidaskClub lowered shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Monday, December 10th. Finally, Zacks Investment Research downgraded shares of WSFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.67.

In other news, Director Mark A. Turner sold 14,335 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.02, for a total transaction of $645,361.70. Following the completion of the sale, the director now directly owns 155,205 shares in the company, valued at $6,987,329.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.73% of the company’s stock.

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WSFS Financial Company Profile

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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